The Department of Defense provides health insurance for 9.6 million active duty servicemembers, retirees, and their family members through TriCare.
The emergence and collapse of the (global) housing bubble was a central aspect of the (global) financial crisis. In the U.S., it was characterized by very poor mortgage underwriting. Much of the attention has been focused on the exotic mortgages — zero documentation, negative amortization, interest rate resets, and the like — but even plain vanilla mortgages declined in quality.
While the Affordable Care Act (ACA) in 2010 provided reauthorization—as well as onerous state maintenance of effort requirements –for CHIP through 2019, funding for CHIP was only extended to September 2015. Of course, this is problematic. Due to the “maintenance of effort” provision in the law, states will be required to continue providing coverage to CHIP enrollees whether or not they receive any federal funds.
This Friday will feature the second monthly employment report for 2015 and news reports indicate that the White House is planning to celebrate the news. How safe is the plan to celebrate?
The U.S. House is expected to vote soon on two pieces of legislation to streamline and provide increased oversight to the regulatory system. The Sunshine for Regulatory Decrees and Settlements Act would curb practice known as “sue and settle,” where special interests are given a say in significant federal regulations and the SCRUB Act (Searching for and Cutting Regulations that are Unnecessarily Burdensome), which would establish an independent commission with the goal of reducing cumulative regulatory burdens by at least 15 percent. According to research from the American Action Forum (AAF), savings from these bills could total $48 billion annually and save 1.5 billion paperwork burden hours.
It is because regulatory reform has failed so often in the past that we continue to talk about its place in the future. Whether it’s the failure of agencies to comply with the Paperwork Reduction Act, the Congressional Review Act, or the current executive orders, it’s clear there are opportunities for meaningful reform that address cumulative burdens and the regulatory process. The proposed legislation could generate substantial regulatory savings.
Progressives are clever at appropriating the public debate by wrapping their policies — however ill-designed — in such appealing marketing phrases as inclusive prosperity or “middle-class economics.” But what exactly does middle-class economics mean? Or, more importantly, what should it mean?
Regulators added $1.8 billion in cumulative burdens this week through 13 regulations with quantified costs. Annual benefits were $112 million and regulators published 3.6 million paperwork burden hours. The Department of Interior’s (DOI) proposal on drilling on the outer continental shelf led the week.
Perhaps there is hope for bipartisan policy in this Congress after all. Senators Dianne Feinstein and Pat Toomey have collaborated on a bill to repeal the ethanol mandate embedded in the Renewable Fuels Standard (RFS). The RFS was created by the Energy Policy Act of 2005 and expanded in 2007.
Medicare Advantage is a popular health insurance program for American seniors that has been successful in offering more plan choices, good benefits, and quality healthcare.